Answer:
The answer is 1/20
Step-by-step explanation:
Based on the information, Christian would have $5525.5 of an annuity.
<h3>How to calculate the annuity?</h3>
According to the given information, the number of coffees per week is 3 then, per month is 3x4 = 12
Each coffee is $4.5. Then monthly expenditure for coffees is 12 x 4.5 = $54
Rate of interest r = 1.6% = 1.6/100 = 0.016 and for monthly compounding r = 0.016/12 = 0.00133
n = number of payments = 8 x 12 = 96
We can use the formula for finding the future value as below
FV = C x [ ( 1 + r )n-1 ] / ( r )
FV = 54 x [ ( 1 + 0.00133 )96 – 1 ] / (0.00133)
= 54 x [ (1.13609 - 1)] / (0.00133)
= 54 x 0.13609 / (0.00133)
= 54 x 102.3233
= 5525.5
Therefore Christian would have $5525.5 of the annuity.
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Answer:
5(11+7) = 55+35
Step-by-step explanation:
The distributive property states that when multiplying a term with a sum multiply into each term within the sum. Here you have a sum. You’ll reverse the distributive property by factoring our a term which could multiply into each. 55 and 35 both have 5 as a factor. This makes the expression 5(11+7) = 55+35.
Answer:
12 - B
13 - No
14 - for every 2 feet of rope he pays about $1.50
hope this helps
Step-by-step explanation:
